If You Want To Build A Billion-Dollar Business, You Might Want To Do It Before You Turn 32http://www.businessinsider.com/why-you-should-create-your-startup-before-32-2014-4/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Sun, 02 Aug 2015 18:31:32 -0400Rebecca Borisonhttp://www.businessinsider.com/c/5342033b6da811715675afc6daniel.maggs.71Sun, 06 Apr 2014 21:45:31 -0400http://www.businessinsider.com/c/5342033b6da811715675afc6
This data is interesting, but extremely misleading. Statistically, most $bn exits are from consumer startups. Consumer startups on this scale are a recent phenomenon - the fact that there are only 35 companies in this data set shows that. In fact the modern tech industry as a whole is still fairly young! Also, enterprise software companies - which tend to deliver more predictable but comparatively lower returns than smash-hit consumer startups (i.e. think more 3-digit million dollar exists than $1bn ones) tend to get started by older entrepreneurs. That $1bn startups are extremely rare also shows that we shouldn`t rely on this data - there are many more entrepreneurs making a lot of money from smaller companies.
It is never, never too late to start a company.http://www.businessinsider.com/c/533ef8e3eab8ea186052bb9dI would bet most of the failures are also under 32Fri, 04 Apr 2014 14:24:35 -0400http://www.businessinsider.com/c/533ef8e3eab8ea186052bb9d
most Venture Capitalists are quietly (and secretly) underperforming the market. stupidly, they keep giving those 22 year olds tens-of-millions (and hundreds of millions) of dollars. the low hanging fruit has been grabbed. the door is closing. ebay, amazon, google, yahoo, linkedin, skype, salesforce are all over 10 years old. we are seeing fewer and fewer massive successes today. young enterpreneurs all come up with the same ideas. copy. copy. copying what worked before because they dont have the experience needed to reach for higher fruit on the tree. go with experience today.http://www.businessinsider.com/c/533ef69369beddd559163df1THIS IS AN ANOMALY -- TOTAL STATISTICAL BULLSHIT !!!!!!!!!!!Fri, 04 Apr 2014 14:14:43 -0400http://www.businessinsider.com/c/533ef69369beddd559163df1
BILL GATES WAS ALMOST 32 YEARS OLD WHEN HE BECAME A BILLIONAIRE
STEVE JOBS WAS APPROACHING 50.
THE FOUNDER OF WALMART (THE RICHEST FAMILY IN AMERICA) DIDNT EVEN START WALMART TILL 40
THE INTERNET HAS MADE A LOT OF THESE STUPID EASY BILLIONAIRES -- ITS AN ANAMOLY OF HISTORY.
MOST BILLIONAIRES ARE WAY OLDER -- AS IT TAKES TIME TO CREATE REAL BUSINESSES
ONCE THIS DOT COM BULLSHIT IS OVER IT WILL GO BACK TO THAT
I DOUBT MARK ZUCKERBERG (A PSYCHOLOGY MAJOR AT HARVARD) WOULD EVEN BE A BILLIONAIRE HAD IT NOT BEEN FOR THE INTERNET. HE AND HIS BUDDIES ARE NOT NATURAL BUSINESSMEN.
THESE YOUNG GUYS ARE MOSTLY ACCIDENTAL BILLIONAIRES. LIKE THE AIRBNB GUYS. IT JUST HAPPENED TO THEM MORE THAN THEY SOUGHT OUT A BILLION DOLLARS.